Investors seek amends to SEC reporting proposal

June 28, 2010

In the recently published Q2 edition of The TRADE, Allen Zaydlin, CEO of InfoReach, a supplier of high-frequency trading technology, commented, "The greatest menace of the large trader reporting system is the obliteration of anonymity for traders and firms. It would give a government agency with admittedly little knowledge of high-frequency trading the unprecedented authority to demand proprietary trading data from participants who have no history of securities law violations."